London, 05 December 2014 – The Global CFD Market in Aerospace and Defense Industry is expected to grow at a CAGR of 14.01 percent from 2015-2019, according to a new report from research firm TechNavio.
High pressure to reduce product development cycles in the aerospace and defense industry is driving demand for the implementation of computational fluid dynamics, also known as CFD.
CFD solutions are being used to simulate and predict fluid flow, mixing, and other characteristics of combustion systems to ensure longevity of the engine, reduce unwanted emissions, and to improve the overall system performance.
“There is high demand for efficient fuel system designs in the aerospace industry because of a pressing need to reduce emissions, as well as fluctuating oil prices and the economic instability in the Middle East,” says Faisal Ghaus, Vice President of TechNavio.
Currently, some of the large PLM and CFD vendors are also providing integrated CFD software with several other PLM tools to improve the efficiency and effectiveness of product development cycles in the defense and aerospace industries.
The new report from TechNavio also delves into additional drivers and trends, as well as challenges set to impact the market in the coming years.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
